Point Nemo Capital LLC Makes New Investment in Hamilton Lane Inc. $HLNE

Key Points

• Point Nemo Capital opened a new position in Hamilton Lane, buying 13,415 shares worth approximately $1.165 million in the third quarter. Institutional investors and hedge funds own 97.4% of the stock.
• Hamilton Lane reported quarterly EPS of $1.98, above the $1.65 consensus estimate, while revenue of $204.43 million fell short of forecasts. Revenue nevertheless grew 7.1% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $126.12. The company also declared a $0.60 quarterly dividend, equivalent to a 2.7% yield.

Point Nemo Capital LLC bought a new position in shares of Hamilton Lane Inc. (NASDAQ:HLNE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,415 shares of the company's stock, valued at approximately $1,165,000.

A number of other hedge funds have also modified their holdings of HLNE. Fort Washington Investment Advisors Inc. OH acquired a new position in Hamilton Lane during the third quarter worth about $27,027,000. The Manufacturers Life Insurance Company raised its holdings in Hamilton Lane by 1,039.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 335,903 shares of the company's stock valued at $33,389,000 after acquiring an additional 306,429 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Hamilton Lane in the 2nd quarter valued at about $24,063,000. Copeland Capital Management LLC raised its holdings in Hamilton Lane by 52.5% in the 3rd quarter. Copeland Capital Management LLC now owns 741,678 shares of the company's stock valued at $64,422,000 after acquiring an additional 255,238 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Hamilton Lane by 37.4% in the 1st quarter. Sei Investments Co. now owns 406,425 shares of the company's stock worth $40,399,000 after purchasing an additional 110,617 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HLNE. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $116.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday. Zacks Research cut Hamilton Lane from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. JPMorgan Chase & Co. cut their price target on Hamilton Lane from $150.00 to $144.00 and set an "overweight" rating for the company in a report on Wednesday. BMO Capital Markets reduced their price objective on Hamilton Lane from $116.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 27th. Finally, Morgan Stanley set a $118.00 price objective on Hamilton Lane in a research report on Friday, October 16th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.12.

Hamilton Lane Trading Down 0.7%

Shares of HLNE opened at $89.46 on Friday. Hamilton Lane Inc. has a 12-month low of $71.88 and a 12-month high of $155.66. The firm has a market capitalization of $4.97 billion, a P/E ratio of 13.27 and a beta of 1.16. The firm has a 50-day moving average price of $89.41 and a 200 day moving average price of $96.59. The company has a current ratio of 3.37, a quick ratio of 3.49 and a debt-to-equity ratio of 0.14.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.33. Hamilton Lane had a net margin of 32.40% and a return on equity of 23.47%. The company had revenue of $204.43 million for the quarter, compared to the consensus estimate of $215.23 million. During the same period in the previous year, the firm earned $1.54 earnings per share. Hamilton Lane's quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts forecast that Hamilton Lane Inc. will post 7.61 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Monday, December 21st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. Hamilton Lane's dividend payout ratio is 35.61%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.

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